Today’s Rating Change: Philips (PHG) Gets Coverage From Citigroup. What Is The Stock Upside?

November 23, 2016 - By Marie Mckinney

Today's Rating Change: Philips (PHG) Gets Coverage From Citigroup. What Is The Stock Upside?

How Citigroup Rates Philips (PHG)

The broker Citigroup has has begun coverage on Philips (PHG)‘s stock, rating it Buy. This was revealed in analysts note on Wednesday morning.

About 317,815 shares traded hands. Koninklijke Philips NV (ADR) (PHG) has risen 2.93% since April 21, 2016 and is uptrending. It has underperformed by 2.40% the S&P500.

Koninklijke Philips N.V. is a health and well-being company. The company has a market cap of $27.87 billion. The Firm operates through three divisions: Healthcare, Consumer Lifestyle and Lighting. It has a 67.7 P/E ratio. The Company’s Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.

According to Zacks Investment Research, “Koninklijke Philips Electronics N.V. is the parent company of Philips, a widely diversified multinational group of electronic and electrical products, systems and equipment, as well as information technology services.”

PHG Company Profile

Koninklijke Philips N.V. (Royal Philips), incorporated on November 14, 2000, is a health and wellbeing company. The Firm operates through three divisions: Healthcare, Consumer Lifestyle and Lighting. It also operates in the Innovation, Group & Services (IG&S) sector. The Firm has approximately 90 production sites in over 20 countries, and sales and service outlets in approximately 100 countries. It also offers the global shared business services for procurement, finance, human resources, information technology (IT) and real estate. The Firm is the parent firm of the Philips Group (Philips). The Innovation, Group & Services sector includes the activities of Phillips Group Innovation (PGI), and Group and regional management organizations. The Firm offers cardiac care, acute care and home healthcare, lighting solutions and new lighting applications, as well as male shaving and grooming, and oral healthcare.

Another recent and important Koninklijke Philips NV (ADR) (NYSE:PHG) news was published by Investorplace.com which published an article titled: “Koninklijke Philips NV (ADR) IPO: World’s Largest Light Maker Plans Spinoff” on May 03, 2016.

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